See more : Forest Road Acquisition Corp. II (FRXB-UN) Income Statement Analysis – Financial Results
Complete financial analysis of Apple Inc. (AAPL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Apple Inc., a leading company in the Consumer Electronics industry within the Technology sector.
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Apple Inc. (AAPL)
About Apple Inc.
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 391.04B | 383.29B | 394.33B | 365.82B | 274.52B | 260.17B | 265.60B | 229.23B | 215.64B | 233.72B | 182.80B | 170.91B | 156.51B | 108.25B | 65.23B | 36.54B | 32.48B | 24.01B | 19.32B | 13.93B | 8.28B | 6.21B | 5.74B | 5.36B | 7.98B | 6.13B | 5.94B | 7.08B | 9.83B | 11.06B | 9.19B | 7.98B | 7.09B | 6.31B | 5.56B | 5.28B | 4.07B | 2.66B | 1.90B | 1.92B |
| Cost of Revenue | 210.35B | 214.14B | 223.55B | 212.98B | 169.56B | 161.78B | 163.76B | 141.05B | 131.38B | 140.09B | 112.26B | 106.61B | 87.85B | 64.43B | 39.54B | 23.40B | 21.33B | 15.85B | 13.72B | 9.89B | 6.02B | 4.50B | 4.14B | 4.13B | 5.82B | 4.44B | 4.46B | 5.71B | 8.87B | 8.20B | 6.84B | 5.08B | 3.77B | 3.11B | 2.40B | 2.57B | 1.91B | 1.23B | 840.00M | 1.08B |
| Gross Profit | 180.68B | 169.15B | 170.78B | 152.84B | 104.96B | 98.39B | 101.84B | 88.19B | 84.26B | 93.63B | 70.54B | 64.30B | 68.66B | 43.82B | 25.68B | 13.14B | 11.15B | 8.15B | 5.60B | 4.04B | 2.26B | 1.71B | 1.60B | 1.24B | 2.17B | 1.70B | 1.48B | 1.37B | 968.00M | 2.86B | 2.34B | 2.89B | 3.31B | 3.20B | 3.15B | 2.71B | 2.16B | 1.44B | 1.06B | 842.30M |
| Gross Profit Ratio | 46.21% | 44.13% | 43.31% | 41.78% | 38.23% | 37.82% | 38.34% | 38.47% | 39.08% | 40.06% | 38.59% | 37.62% | 43.87% | 40.48% | 39.38% | 35.96% | 34.31% | 33.97% | 28.98% | 29.02% | 27.29% | 27.52% | 27.92% | 23.03% | 27.13% | 27.65% | 24.89% | 19.32% | 9.84% | 25.84% | 25.51% | 36.28% | 46.74% | 50.71% | 56.76% | 51.36% | 53.01% | 53.94% | 55.83% | 43.91% |
| Research & Development | 31.37B | 29.92B | 26.25B | 21.91B | 18.75B | 16.22B | 14.24B | 11.58B | 10.05B | 8.07B | 6.04B | 4.48B | 3.38B | 2.43B | 1.78B | 1.33B | 1.11B | 782.00M | 712.00M | 534.00M | 489.00M | 471.00M | 447.00M | 441.00M | 380.00M | 314.00M | 310.00M | 860.00M | 604.00M | 614.00M | 564.30M | 665.00M | 602.14M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.73B | 9.04B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.10B | 1.00B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 26.10B | 24.93B | 25.09B | 21.97B | 19.92B | 18.25B | 16.71B | 15.26B | 14.19B | 14.33B | 11.99B | 10.83B | 10.04B | 7.60B | 5.52B | 4.15B | 3.76B | 2.96B | 2.43B | 1.86B | 1.42B | 1.21B | 1.11B | 1.14B | 1.17B | 996.00M | 908.00M | 1.29B | 1.57B | 1.58B | 1.38B | 2.62B | 2.29B | 2.55B | 2.24B | 1.95B | 1.46B | 993.40M | 737.30M | 653.20M |
| Other Expenses | 0.00 | 382.00M | 228.00M | -60.00M | 87.00M | -422.00M | 441.00M | 133.00M | 1.20B | 903.00M | 431.00M | 324.00M | 566.00M | -104.00M | -156.00M | -81.00M | -33.00M | -48.00M | -29.00M | -18.00M | -8.00M | -5.00M | -2.00M | 15.00M | 14.00M | -2.00M | -7.00M | 5.00M | -3.00M | -2.00M | 8.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 57.47B | 54.85B | 51.57B | 43.83B | 38.76B | 34.04B | 31.38B | 26.98B | 25.43B | 23.30B | 18.47B | 15.63B | 13.99B | 10.03B | 7.30B | 5.48B | 4.87B | 3.75B | 3.15B | 2.39B | 1.91B | 1.68B | 1.56B | 1.58B | 1.55B | 1.31B | 1.22B | 2.15B | 2.17B | 2.20B | 1.95B | 2.78B | 2.51B | 2.75B | 2.44B | 2.08B | 1.54B | 1.06B | 788.40M | 695.00M |
| Cost & Expenses | 267.82B | 268.98B | 275.12B | 256.81B | 208.31B | 195.82B | 195.14B | 168.02B | 156.81B | 163.39B | 130.72B | 122.24B | 73.86B | 74.46B | 46.84B | 28.88B | 26.20B | 19.60B | 16.86B | 12.28B | 7.93B | 6.18B | 5.70B | 5.71B | 7.36B | 5.75B | 5.68B | 7.86B | 11.04B | 10.40B | 8.79B | 7.87B | 6.28B | 5.86B | 4.85B | 4.65B | 3.45B | 2.29B | 1.63B | 1.77B |
| Interest Income | 0.00 | 3.75B | 2.83B | 2.84B | 3.76B | 4.96B | 5.69B | 5.20B | 4.00B | 2.92B | 1.80B | 1.62B | 1.09B | 519.00M | 311.00M | 407.00M | 653.00M | 647.00M | 394.00M | 183.00M | 64.00M | 69.00M | 118.00M | 218.00M | 210.00M | 144.00M | 100.00M | 82.00M | 60.00M | 100.00M | 43.28M | 70.00M | 71.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 3.93B | 2.93B | 2.65B | 2.87B | 3.58B | 3.24B | 2.32B | 1.46B | 733.00M | 384.00M | 136.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00M | 8.00M | 11.00M | 16.00M | 21.00M | 47.00M | 62.00M | 71.00M | 60.00M | 48.00M | 39.65M | 12.00M | 8.71M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 54.50M |
| Depreciation & Amortization | 11.45B | 11.52B | 11.10B | 11.28B | 11.06B | 11.30B | 9.30B | 9.40B | 9.80B | 11.26B | 7.95B | 6.76B | 3.28B | 1.81B | 1.03B | 703.00M | 473.00M | 317.00M | 225.00M | 179.00M | 150.00M | 113.00M | 118.00M | 102.00M | 84.00M | 85.00M | 111.00M | 118.00M | 156.00M | 127.00M | 167.96M | 166.10M | 217.20M | 204.40M | 202.70M | 124.80M | 77.70M | 70.50M | 51.10M | 41.80M |
| EBITDA | 134.66B | 125.82B | 130.54B | 120.23B | 77.34B | 76.48B | 81.80B | 75.81B | 72.63B | 82.49B | 60.45B | 55.76B | 59.04B | 36.00B | 19.41B | 8.36B | 6.75B | 4.73B | 3.04B | 1.83B | 536.00M | 138.00M | 212.00M | 53.00M | 1.20B | 808.00M | 502.00M | -856.00M | -1.12B | 849.00M | 708.00M | 247.20M | 973.30M | 651.70M | 914.70M | 759.10M | 698.00M | 442.00M | 324.60M | 189.10M |
| EBITDA Ratio | 34.44% | 32.83% | 33.10% | 32.87% | 28.17% | 29.39% | 30.80% | 31.19% | 32.71% | 35.29% | 33.82% | 32.62% | 37.39% | 32.89% | 29.76% | 22.88% | 20.78% | 19.69% | 15.75% | 13.13% | 6.69% | 3.25% | 4.98% | -0.30% | 11.52% | 9.99% | 8.48% | -8.12% | -10.08% | 8.02% | 6.70% | 3.10% | 13.73% | 9.50% | 15.26% | 12.28% | 16.26% | 15.15% | 15.16% | 11.28% |
| Operating Income | 123.22B | 114.30B | 119.44B | 108.95B | 66.29B | 63.93B | 70.90B | 61.34B | 62.57B | 71.23B | 52.50B | 50.48B | 55.24B | 33.79B | 18.39B | 7.66B | 6.28B | 4.41B | 2.45B | 1.65B | 326.00M | 89.00M | 168.00M | -344.00M | 836.00M | 528.00M | 299.00M | -778.00M | -1.20B | 684.00M | 522.27M | 81.10M | 805.70M | 447.30M | 712.00M | 634.30M | 620.30M | 371.50M | 273.50M | 147.30M |
| Operating Income Ratio | 31.51% | 29.82% | 30.29% | 29.78% | 24.15% | 24.57% | 26.69% | 26.76% | 29.01% | 30.48% | 28.72% | 29.54% | 35.30% | 31.22% | 28.19% | 20.96% | 19.32% | 18.37% | 12.70% | 11.84% | 3.94% | 1.43% | 2.93% | -6.41% | 10.47% | 8.61% | 5.03% | -10.99% | -12.24% | 6.18% | 5.68% | 1.02% | 11.37% | 7.09% | 12.81% | 12.00% | 15.24% | 13.96% | 14.38% | 7.68% |
| Total Other Income/Expenses | 269.00M | -565.00M | -334.00M | 258.00M | 803.00M | 1.81B | 2.01B | 2.75B | 1.35B | 1.29B | 980.00M | 1.16B | 522.00M | 415.00M | 270.00M | -3.39B | 620.00M | 599.00M | 365.00M | 165.00M | 57.00M | 93.00M | -81.00M | -105.00M | 570.00M | 317.00M | 68.00M | 25.00M | 88.00M | -10.00M | -22.00M | 30.00M | 49.63M | 52.40M | 66.50M | 110.00M | 35.90M | 38.90M | 36.30M | -27.30M |
| Income Before Tax | 123.49B | 113.74B | 119.10B | 109.21B | 67.09B | 65.74B | 72.90B | 64.09B | 61.37B | 72.52B | 53.48B | 50.16B | 55.76B | 34.21B | 18.54B | 7.98B | 6.90B | 5.01B | 2.82B | 1.82B | 383.00M | 92.00M | 87.00M | -52.00M | 1.09B | 676.00M | 329.00M | -1.05B | -1.30B | 674.00M | 500.29M | 139.70M | 855.50M | 499.70M | 778.50M | 744.30M | 656.20M | 410.40M | 309.80M | 120.00M |
| Income Before Tax Ratio | 31.58% | 29.67% | 30.20% | 29.85% | 24.44% | 25.27% | 27.45% | 27.96% | 28.46% | 31.03% | 29.26% | 29.35% | 35.63% | 31.60% | 28.42% | 21.85% | 21.23% | 20.86% | 14.59% | 13.03% | 4.63% | 1.48% | 1.52% | -0.97% | 13.68% | 11.02% | 5.54% | -14.76% | -13.17% | 6.09% | 5.44% | 1.75% | 12.07% | 7.92% | 14.01% | 14.09% | 16.12% | 15.42% | 16.29% | 6.26% |
| Income Tax Expense | 29.75B | 16.74B | 19.30B | 14.53B | 9.68B | 10.48B | 13.37B | 15.74B | 15.69B | 19.12B | 13.97B | 13.12B | 14.03B | 8.28B | 4.53B | 2.28B | 2.06B | 1.51B | 829.00M | 480.00M | 107.00M | 24.00M | 22.00M | -15.00M | 306.00M | 75.00M | 20.00M | 281.00M | -479.00M | 250.00M | 190.11M | 53.10M | 325.10M | 189.90M | 303.60M | 290.30M | 255.90M | 192.90M | 155.80M | 58.80M |
| Net Income | 93.74B | 97.00B | 99.80B | 94.68B | 57.41B | 55.26B | 59.53B | 48.35B | 45.69B | 53.39B | 39.51B | 37.04B | 41.73B | 25.92B | 14.01B | 5.70B | 4.83B | 3.50B | 1.99B | 1.33B | 266.00M | 69.00M | 65.00M | -37.00M | 786.00M | 601.00M | 309.00M | -1.33B | -816.00M | 424.00M | 310.00M | 87.00M | 530.37M | 309.80M | 474.90M | 454.00M | 400.30M | 217.50M | 154.00M | 61.20M |
| Net Income Ratio | 23.97% | 25.31% | 25.31% | 25.88% | 20.91% | 21.24% | 22.41% | 21.09% | 21.19% | 22.85% | 21.61% | 21.67% | 26.67% | 23.95% | 21.48% | 15.61% | 14.88% | 14.56% | 10.30% | 9.53% | 3.21% | 1.11% | 1.13% | -0.69% | 9.85% | 9.80% | 5.20% | -18.73% | -8.30% | 3.83% | 3.37% | 1.09% | 7.48% | 4.91% | 8.54% | 8.59% | 9.83% | 8.17% | 8.10% | 3.19% |
| EPS | 6.11 | 6.16 | 6.15 | 5.67 | 3.31 | 2.99 | 3.00 | 2.32 | 2.09 | 2.32 | 1.62 | 1.43 | 1.59 | 1.00 | 0.55 | 0.23 | 0.20 | 0.14 | 0.08 | 0.06 | 0.01 | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 | 0.02 | -0.09 | -0.06 | 0.03 | 0.02 | 0.01 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.00 |
| EPS Diluted | 6.08 | 6.13 | 6.11 | 5.61 | 3.28 | 2.97 | 2.98 | 2.30 | 2.08 | 2.30 | 1.61 | 1.42 | 1.58 | 0.99 | 0.54 | 0.22 | 0.19 | 0.14 | 0.08 | 0.06 | 0.01 | 0.00 | 0.00 | 0.00 | 0.04 | 0.03 | 0.02 | -0.09 | -0.06 | 0.03 | 0.02 | 0.01 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.00 |
| Weighted Avg Shares Out | 15.34B | 15.74B | 16.22B | 16.70B | 17.35B | 18.47B | 19.82B | 20.87B | 21.88B | 23.01B | 24.34B | 25.91B | 26.17B | 25.88B | 25.46B | 25.00B | 24.68B | 24.21B | 23.63B | 22.64B | 20.81B | 20.20B | 19.88B | 19.35B | 18.18B | 16.03B | 14.78B | 14.12B | 13.86B | 13.78B | 13.30B | 13.34B | 13.72B | 13.45B | 14.07B | 14.36B | 14.56B | 14.67B | 14.37B | 13.71B |
| Weighted Avg Shares Out (Dil) | 15.41B | 15.81B | 16.33B | 16.86B | 17.53B | 18.60B | 20.00B | 21.01B | 22.00B | 23.17B | 24.49B | 26.09B | 26.47B | 26.23B | 25.89B | 25.40B | 25.26B | 24.90B | 24.57B | 23.99B | 21.69B | 20.35B | 20.26B | 19.35B | 20.18B | 19.51B | 18.81B | 14.12B | 13.86B | 13.78B | 13.30B | 13.42B | 13.73B | 13.45B | 14.07B | 14.36B | 14.56B | 14.67B | 14.37B | 13.71B |
Stellantis chairman to pick Apple CFO Maestri as carmaker's new CEO - paper
Stellantis' Chairman John Elkann plans to name Luca Maestri, the outgoing CFO of Apple, as the new CEO of the Italian-French carmaker, newspaper Corriere della Sera reported on Wednesday.
Apple says it uses Amazon's custom AI chips
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BofA Securities analyst Wamsi Mohan maintained a Buy rating on Apple Inc. AAPL with a price target of $256.
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Nvidia Can Grow Twice the Size of Apple. Strategist Explains His ‘Outrageous' Forecast.
Nvidia has dipped following its recent earnings but analysts at Saxo Bank outlined a scenario where the shares could surge.
This bank's outrageous predictions include the dollar tanking and Nvidia becoming twice the size of Apple
Denmark's Saxo Bank annually produces their outrageous predictions -– which is their attempt to create unlikely-but-plausible forecasts, to spark discussion and challenge consensus.
Source: https://incomestatements.info
Category: Stock Reports